Sunday, 24 January, 2021
Home Business PPF, Other Small Savings Scheme Rates Unchanged In December Quarter

PPF, Other Small Savings Scheme Rates Unchanged In December Quarter

Small Financial savings Scheme Curiosity Charges: At present, the returns are revised on a quarterly foundation

The federal government on Wednesday introduced its choice to retain rates of interest relevant to small financial savings schemes at present ranges in teh coming quarter. There isn’t a change within the rates of interest relevant to small saving schemes, Financial Affairs Secretary Tarun Bajaj stated on Wednesday. This implies investments within the 9 small financial savings schemes – together with the Public Provident Fund (PPF) – will proceed to fetch returns at present charges within the quarter ending December 31. At present, small financial savings schemes pay annual returns to the tune of 4-7.6 per cent. 

Listed below are the rates of interest relevant to small financial savings schemes within the third quarter of the present monetary yr (October-December 2020):

At present, the federal government affords 9 forms of small saving schemes, together with the 15-year PPF scheme, the Senior Citizen Financial savings Scheme (SCSS), the Kisan Vikas Patra certificates and the Month-to-month Revenue Scheme (MIS). The finance ministry critiques the rates of interest on the 9 small financial savings schemes on a quarterly foundation. 

(Additionally learn: This Is The Minimal Funding You Want To Set Up A Put up Workplace Account) 

A few of these put up workplace saving schemes qualify for revenue tax advantages.

Most Popular

Ayushmann Khurrana on his next with Abhishek Kapoor: It is a beautiful, progressive love story

By: Leisure Desk | New Delhi | Revealed: July 29, 2020 8:43:23 am Ayushmann Khurrana and Abhishek Kapoor movie will launch subsequent 12...

Poll Body Seeks Detailed Report On Kamal Nath's "Item" Remark

Kamal Nath referred to lady minister as an "merchandise", sparking an argument. (File)New Delhi: The Election Fee of India (ECI) has sought an in...

Who is Dhanashree Verma?

By: Leisure Desk | New Delhi | Revealed: August 8, 2020 6:42:23 pm Dhanashree Verma is a YouTuber and dancer by career. (Picture:...
English English हिन्दी हिन्दी ਪੰਜਾਬੀ ਪੰਜਾਬੀ